March 25, 2025
The Nigerian Education Loan Fund, NELFUND, has said that about 1,607 students across three tertiary institutions in the country have received over N72 million loan from the fund.
NELFUND, in a statement on Tuesday, on its official X account said it was committed to supporting students in Nigerian tertiary institutions.
The Federal College of Education, Obudu; Abdulkadir Kure University, Minna; and Adamawa State University, Mubi are among the institutions that have benefited from the loan disbursement.
NELFUND, in it statement, said “We are pleased to announce the successful disbursement of funds to three institutions:Federal College of Education, Obudu (disbursed in two tranches): 1st tranche: N14,320,500.00 to 215 students, 2nd tranche: N7,469,000.00 to 107 students. Abdulkadir Kure University, Minna, N2,900,000.00 to 9 students and Adamawa State University, Mubi, N47,621,121.00 to 1,283 students.”
READ MORE; NELFUND Loan Repayment Terms Is 2 Years After NYSC – Tunde Sawyerr
While acknowledging the disbursement the instructions commended NELFUND for its intervention, In a letter signed by the Provost, Dr. Richard Utubaku, and the Bursar, Joseph Ogar, the Federal College of Education, Obudu, described the initiative as a significant step in supporting students.
“This is a testament to President Tinubu’s relentless efforts in repositioning the Nigerian education system at all levels. We sincerely commend NELFUND for the smooth and transparent disbursement process.”
Similarly, the registrar, Abdulkadir Kure University, Minna, Dr. Garba Abdullahi, expressed appreciation for the initiative, stating that the funds had significantly eased financial burden of its students.
The acting Vice-Chancellor, Adamawa State University, Mubi, Dr. Ibrahim Bwatanglang, commended the fund disbursement and expressed hope for continued collaboration with NELFUND and also requested an approved list of shortlisted beneficiaries for the second batch.
The Federal Government, had in its proposed N49.74 trillion 2025 budget, allocated approximately N175.13 million to NELFUND to facilitate its operations under the Student Loan Act, 2024.
